Vista Equity Partners, whose Cloud Software Group includes top enterprise-software providers Citrix and Tibco, aims to raise around $5 billion to extend its investment in the parent company in what would be, if successful, one of the largest deals ever to cross the secondary market for private-equity stakes.
Vista, a technology-focused fund manager with assets of about $100 billion, is giving investors in funds that back the Fort Lauderdale, Fla.-based software company the option to cash out or remain invested by rolling their holdings into a new fund with a reset lifespan, according to people familiar with the matter. Those that roll into the continuation vehicle would join a group of new participants, the people said.
Source: REUTER
